Settings8H · net · $10k
Funding arb · Price arb /

TMF

RWAall TMF markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0891%/8h= +97.6% APRpaid last 24h +0.154%
Price spread now: Bitget against edgeX−0.075%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.997%+$100 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.075%, 7d avg +0.010%
Together, before fees+1.033%+ Points / potential airdropedgeX: Active · farm board+$103 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.085% cheaper against edgeX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.010%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$27 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TMFUSDC29.793−0.0891get 0.0446% / 4h1h 37m$13K$286K10x
ShortBitget TMFUSDT29.7710get 0.0000% / 8h1h 37m$161K$89K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$187.21
Price spread: −0.075% → +0.010%
−$8.53
Slippage, 4 orders
−$119.38
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
$38.29
Costs to cover
1.404%
Break-even
5.6 days
Slippage from edgeX: live order book, 6 min ago; Bitget: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 6 min ago10.07 bp21.9 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 62 min ago12.01 bp48.0 bp −$4881.7 bp −$817doesn't fitdoesn't fit

TMF on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TMFUSDClong−0.0891%4h29.793long leg$13K$286K10x
Bybit TMFUSDT0.0000%8h29.770−0.078%$162K$54K25xas long as short
Gate TMF_USDT0.0000%8h29.750−0.145%$51K$7K20xas long as short
Bitget TMFUSDTshort0.0000%8h29.771−0.075%$161K$89K20x
HTX TMF-USDT0.0000%8h29.800+0.022%$9K$252K10xas long as short
OKX TMF-USDT-SWAP+0.0765%8h29.770−0.078%$149K$137K20xas long as short
Variational Omni TMF+0.1055%8h29.795+0.005%$29K$6Kas long as short
MEXC TMF_USDT+0.1144%8h29.770−0.078%$632K$90K20xas long as short
Binance TMFUSDT+0.1144%8h29.790−0.011%$1.2M$513K25xas long as short